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's plan seeks to reduce taxes and cut government spending. "when they talk about a cut, they're talking about reducing the rate of growth. and that's all ryan's plan will do. i think it's too weak. i think it's not good enough." author of "the free market revolution," yaron brook's criticism of the ryan plan is one you may not have heard before. it is far more likely that you've already listened to a version of this attack from the left. "the ryan plan will shower more tax breaks on millionaires and tilt the playing field to the advantage of big corporate interests" ryan's plan would cut the top tax bracket from 39 to 25 percent and would reduce the corporate tax rate from 35 to 25 percent. it also seeks to slash spending on entitlements like medicare, medicaid and social security in an effort to balance the budget. this republican plan will no doubt set off a new round of petty partisanship in washington, but it's unlikely that democrats will pick up on this new line of attack. "i can promise you it doesn't cut enough to make me happy. and it doesn't reform entitlements enough to make
that would have taxed people's money in the bank. gold continues its climb, while oil had a major sell off. the lead engineer at adobe is reportedly leaving for a job at apple. the software company's stock traded in heavy volume after the close on better-than- expected earnings. meanwhile, williams sonoma reports were up 9% in the latest quarter. larry shover of sfg alternatives joins us for a closer look at the trading day. good to have you on the show as always larry. yesterday, the market had a bit of a turnaround. there was a rebound into the close as news was coming in from cyprus. what do you make of that? > > i make of it that i don't think we are making that big of a deal with cyprus. as long as the sovereign debt markets have access to sovereign debt, to the banking system, something like cyprus, although it is a headline risk, it is not a macro risk that we're used to. also, we had a really good housing number yesterday, confirming that our housing recovery is indeed on its way. > we also are ahead of the fed. i know traders will be closely watching for that statement. do you exp
, was reportedly looking at real estate opportunities on the island. a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds. his fund released a statement last friday that indicates he has no plans to permanently relocate. survey says... mark zuckerberg is a top ceo. zuckerberg topped glassdoor.com's list of top ceos of 2013. ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,00
given pedestrian a save place to walk. >> our taxes go to that to make it look nice and we brag about it. >> the bta spokes woman said no additional tax mayer money will be used. in san jose, alex savage, ktvu channel 2 news. >>> california officials announced a new partnership with the federal government to bring two large solar projects to california. governor jerry brown held a press conference with interior secretary ken salazar. the projects are in riverside county. they'll help california reach itself goal to get a third of its energy from renewable sources from 20/20. >>> one south bay teenager is taking home more from her washington trip. >>> and it feels like an early spring out there with some places in the 80s today. our chief meteorologist, bill martin will let us know about the temperatures. >> you can still watch ktvu newscast. get the app or go to ktvu.com. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording
will be confiscated in a tax to bail out the country's finances. in our cover story, that's the scene as the mediterranean island of cyprus faces what its president calls "blackmail" for a bailout. *the run on atms in cyprus was sparked by a controversial deal demanded by the european union. in exchange for a $13-billion bailout to the country, a portion of bank deposit accounts from the poorest pensioners to the richest investors would be confiscated. "some of the banks put cash back in the machines, and soon there were lines around them." it's the first time depositers would pay for a bailout - 6.7% on accounts below the equivalent of $130,000, and 9.9% taken from accounts higher than that. the island nation's parliment is poised to approve or reject it. "i can't imagine parliment passing it. it's anyone's guess what parliment will do." cyprus has become a haven for offshore accounts - moody's estimates as much as half of cyprus' bank deposits - $31 billion - are from russia, much of it suspected to be involved in money laundering, leaving ordinary depositers caught in the middle. "
clara wave a hotel tax for nfl teams and staff, eliminate and ticket surcharge and a fee were off-site parking. >> it's not fiscally responsible. >>reporter: opponents say they should not have to bear the cost. >> why is a corporation like the nfl asking a small city to bare this burden. >>reporter: the bay area agreed to reimburse the city of santa clara for police and fire coverage. >> the city wanted to make sure that the super bowl related expenses that the city incurs are taken care of and that the city ends up not holding the bag. >> opponents are skeptical that the city doesn't have the money. >> what if they don't have the flown reimburse. >>reporter: miami said they will not wave the tax. they will hear. the before they vote tonight. >>> the niners super bowl committee will deliver a plan in march. if the bay area loses out for super bowl l, it will go up against houston for super bowl li. final announcement is expected to be made may 22nd. >>> turning to the weather, we've been tracking a system, bringing rain to the bay area. let's take a look at it and see how it's sta
to walk. >> our taxes go to that. make it look nice, and we brag about how pretty it looks. now we can walk down the sidewalk. >> reporter: the vta spokesperson told me today, no additional taxpayer money will have to be spent for repairs. she's confident the agency will be able to recoup the cost through insurance, and forcing drivers who caused damage to pay up. ktvu, channel 2 news. >>> a search for a missing oakland woman has now been called off. 31-year-old erica maskkaleres's cell phone places her at the golden gate bridge at about the same time a person jumped from the span. they have not recovered a body. >>> state lawmakers are now considering a bill that would allow students at public universities to use credit from online institutions. if approved it would be the first in the country to address impacted campuses. supporters say the bill is needed so that california's public universities can immediate the demand for basic required courses. it also calls for a panel that would approve the content of those online courses. >>> a 15-year-old girl is taking home a $20,000 scholars
responsibility in terms of infrastructure but also in terms of reforming our tax code." lew also talked about reducing the deficit in a balanced way while meeting with local business leaders in atlanta. after only two days on the job, pope francis is proving to be a "pope of the people." the pontiff performed his first mass inside the sistine chapel yesterday, with an off-the-cuff homily about the need for compassion - that's after giving up his limo to take the bus and paying his own hotel bill. pope francis is from argentina and is known for his humble lifestyle. among his tasks that await: cleaning up the vatican's finances. "one of the concerns of the church, the governance of the church in the west, is sexual abuse and the finances of the church. in the south, it's what is the role of the church in combating social ills, especially proverty?" kevin stevens of depaul university adds that although men dominate leadership in the catholic church, it's women who carry much of the workload in caring for the congregation and poor. working moms want more. according to pew research, in 2007, 21%
tax year 2009. the agency says more than 984,000 americans have yet to file their 2009 returns. the irs says if you want to get any money back from returns in 2009 now is the time to do those taxes. 2009 tax returns must be submitted by april 15th of this year too get your refund. otherwise the money is handed over to the u.s. treasury. >>> all right, ticketed for tailgating. what a recently cited sheriff is now saying about his citation. >>> plus, the grand princess has finally left san francisco on its maiden voyage. how the cruise ship is expected to help the city over [ boy 1 ] hey! that's the last crescent. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin [ malcrrkkhshziiiizzlllee. to this symphony of flavor: beautiful. shhhhshshshshhshshhhhhsshhhshs. gorgeous! here comes the crescendo. kkerrrrbbuuuuuucraaackkk. just...incredible. pillsbury toaster strudel. if beethoven made breakfast. [ female anno
on tax increases and spending cuts. meanwhile, europe is also facing budget friction. this week, members of the european parliament voted against a seven-year budget submitted last month by eu governments. the parliament is asking for more spending on economic growth and more flexibility to move money within the budget. now european government officials and parliament must head back to the drawing board. officials want to finalize the budget by summer. jp morgan chase ceo jamie dimon is not expected to testify on capitol hill this week about the so-called "london whale" trade. instead, the former chief investment officer, ina drew is scheduled to talk, along with other executives. drew was in charge of the uk-based trader known as the london whale for his massive trading positions. the trades caused the bank to lose at least $6 billion last year. a senate subcommittee led by michigan democrat carl levin is investigating the bad trades. the founder of fisker automotive is speeding away from the company. henrik fisker plans to leave the auto-maker due to "major disagreements" with company
to the bottom line, the president believes that we have to have more taxes from the american people. we're not going to get very far. as the president doesn't believe that the rule will be to balance the budget over the next ten years, i'm not sure we're going to get very far. >> reporter: not every republican agrees with the speaker. senator coker said that he and others are open to lifting tax loopholes as part of the deal. >>> president obama will visit israel this week his first presidential trip to the country. police in jerusalem were getting ready for their trip calling it the most important visit since 2009. some 15,000 personnel are being deployed. >>> graffiti in the west bank has already defaced posters of mr. obama but so far the subject matter is light. the protests are over a lack of mobile wireless in the region. >>> gop fundraiser carl rowe fired back at sarah palin that candidates should go back home and run for office. >> i don't think i'm a balding fat guy. if i did run for office and win i would serve out my term i would not leave office midterm. >> reporter: rowe wa
including providing services like police, fire and set up. also that santa clara wave a hotel tax for 350 rooms for nfl teams and staff, eliminate an nfl ticket surcharge, as well as an offsight parking permit fee. the city is requiring the bid committee to cover those costs. its goal is to raise $25 to $30 million. >> that is going to be the challenge of the host committee is torrets the funds necessary. >> we're first. we're not behind others. we'll be first to get paid. we'll make sure our costs are covered. >> reporter: some questioned why a multibillion business needs these types of incentives. >> i find what's being proposed somewhat appalling. essentially we're bike the nfl to come here. >> the stadium boosters have managed to admit that the deal benefits the san francisco 49ers, but not the city of santa clara. >> reporter: santa clara's competition did not approve the financial incentives requested by the nfl. >>> more details now, the bay area could see revenue similar to new orleans in this year's super bowl. that was about $185 million. league owners are expected to vote on wh
legislators received $30,000 in tax free per diem payments. the governor made less than 6 others around the country. he earned $173,000. the governor of pennsylvania was the highst paid in the nation earning just over $183,000. >>> authorities in contra costa county identified a victim of a fiery accident on the freeway. he was a 31-year-old from walnut creek he died yesterday, north of danville after his motorcycle hit a car. he was involved in a race with several other cars including a nissan 380z that hit the embankment and burst into flames the driver was hospitalized with serious injuries. >>> the man shot and killed at a richmond bart station last thursday has been identified. 34-year-old raymond harris of san pablo. police found him on the station stairs of 19th street and mcdonald avenue. witnesses heard a number of shots at this point no one has been arrested. >>> fans of lululemon swear by the shaping benefits of the yoga pants but some may be showing off more than they intend to. they have stopped shipment of some of their pants deemed too sheer. a fabric problem. any purchas
Search Results 0 to 12 of about 13

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